NewsInfographics

The State of California has given the go-ahead to the first phase of Newhall Ranch, west of the 5 at the 126. Details here. LA Times story is here.

The Hottest Cities and The Most Concentrated Expensive Homes

Below is a chart of sales from May 1 2017 to Nov. 1, 2017. Simi Valley led the way with 930 homes sold. 620 of those were priced over $500,000. This means that 67% of the homes sold were over $500k, a fairly HIGH concentration of expensive homes. The lowest concentration of homes over $500k? Lancaster, CA had only 2% of all homes sold go for over $500,000. The highest? Studio City.

Studio City, Burbank and Pasadena have the highest concentration of homes sold over $500,000.